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Be aware of Recovery scams! Strictly avoid them!

funds-recovery

The many investment scams out there show one very similar pattern: After the initial phase with huge wins and growing capital, the money is gone suddenly. While victims begin to realize that they have most likely lost their money they desperately try to find someone for help to get their money back, and very often they fall victim to the next fraud: recovery scams! 

Registration with fraudulent funds recovery schemes results in 99% of all cases in a total loss of savings for these small investors. In the worst case even with an additional financial burden, many victims are encouraged to take out a loan through false promises and assurances.

When funds recovery scam show up

As soon as it gets obvious that nothing more can be “earned” from a scam victim, the customer data is sold to other operators of fraudulent online trading platforms or to so-called funds recovery organizations. This is the beginning of a new journey of harassment of the victims by email and telephone. Countless spam emails and callers from all over the world continue to harass the victims for months.

The recovery organizations promise to get the money back in exchange for a considerable down payment. But in 99,9% of the cases this does not work out – and pls do not think that you belong to the 0.05 % success case. Very often these recovery organizations are owned by the same fraudsters as the trading platforms and are working hand in hand with them. 

As far back as 2016, the United States Security and Exchange Commission (SEC) has issued ‘Investor Alerts’ urging investors and fraud victims to think carefully before paying money for asset recovery services that may prove fruitless. In the United Kingdom, the Financial Conduct Authority (FCA) on 12/12/2019 published a warning on their website concerning Pay Back Ltd also a recovering service proving fruitless.

Based on information received from our members we could identify the following recovery scammers

  • FUNDS RECOVERY
  • SCAM WATCHER
  • SCAM ONLINE
  • SCAM RECOVERY
  • MY CHARGE BACK
  • MONEY BACK
  • ACTION REFUND
  • FUNDS RECOVERY
  • MY LOST RECOVERY
  • WEALTH RECOVERY INTERNATIONAL
  • BOWSTRING CAPITAL
  • MY CHARGE BACK
  • WIN CHARGE BACK
  • PAYBACK INT
  • PAYBACK Ltd
  • FRAUD RECOVERY INTERNATIONAL
  • MY WEALTH RESTORATION
  • GLOBAL FTI
  • RECLAWS
  • SCAM INVESTIGATON
  • MY PRINCIPAL CHARGE BACK
  • EDGA RECOVERY
  • FORTUNE CHARGE BACK
  • WEALTH WATCHS
  • GFN CHARGEBACK
  • TIMES 4 ACTION
  • STAINWAYFINANCIALS
  • BROKER DISPUTE
  • ELLIS AND BURLINGTON
  • HELP REFUND IT BACK

Pls avoid these companies, they are also scammers! (in case you know one we missed, pls give us a comment below and we will include them in our warning listing).


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